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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: HG who wrote (16768)	1/2/1999 9:37:00 AM
From: J. P.	Read Replies (2) \| Respond to of 27307

I am getting a desire to bail out of Yahoo now that I don't have to claim the capital gain for 1998. I rode this stock from 117 to where it is now. What gives me pause now is not the price, but the overall market capitalization. They don't have annuity income like America Online does with its subscriber base.

To: HG who wrote (16768)	1/2/1999 10:33:00 AM
From: Follies	Read Replies (1) \| Respond to of 27307

Try to visualise what would have happened if Wright brothers had IPOed back in 1900s. In retrospect - how much would you have paid ? Well I do know that Thomas Edison IPOed after inventing the light bulb. It also went bankrupt about 10-15 years later.

To: HG who wrote (16768)	1/2/1999 10:45:00 AM
From: Dave Mansfield	Read Replies (1) \| Respond to of 27307

>>Try to visualise what would have happened if Wright brothers had IPOed back in 1900s. In retrospect - how much would you have paid?<< That's an interesting question Happy Girl. I do know that around that time others were working on making flying machines, but the Wright brothers were the first to succeed. I'm not sure how much was patentable either. I'm not sure what there was to IPO. But for however easy it was to enter the aircraft manufacturing business back then, it is 1,000 times easier to enter the portal business today. And whereas the Wright brothers had one or two competitors when they started Yahoo has at least these: snap.com theglobe.com msn.com excite.com lycos.com altavista.com hotbot.com go.com 800go.com wherethehell.com

To: HG who wrote (16768)	1/2/1999 11:48:00 AM
From: larry	Read Replies (2) \| Respond to of 27307

Happy girl, I have to admit that longing internet stocks so far has made me tons of easy money because all I need to do is buy a .com before I even know what this puppy does and then in one or two hours I can count the 5k-20k I made and laugh all to the banks. Is there something seriously wrong with this scenary? I guess so. Even the first tier nuts (AOL, YHOO!, AMZN,and to a lesser extent, CMGI and EBAY) don't have the fundamentals to support their current market cap. EBAY is benefiting tremendously from a tight float which consistently squeeze the shorts. YHOO! and AMZN did this also successfully. However, with the dramatic drop in the short size (25% decrease in YHOO! in Dec.), and increasing float (AMZN, YHOO! likely to follow), squeeze effect and demand-supply imbalance will be greatly reduced. In that case, I believe that lots of momentum gamblers will gradually leave the bandwagon because they will be disappointed with a 5-10 point sway daily instead of 20-40 point. You tell me what will happen with these issues at that time, and that time is coming. Also isn't it true that when everyone is in and showing exuberant mania, the market is ripe for a serious crash? Never in my life have I seen the bull:bear ratio so high, and never have I seen so many amateurs wanting to grab a piece of the juice. Go to the AOL thread and you will find what an orgy is all about. When one post predicts that the issue is going to double or triple every three months, lots of followers believe that this can't be more accurate. Do you believe that piece of shit? If the idiot was right, AOL would have a market cap of 1.8-5.4 trillion (!) by the end of 99. Will that happen? In a traditional market, no way. But with fools running the market, I guess anything can happen.:) When will AOL ever make 10 billion even if they consistently adopt aggressive accounting method? Or YHOO! even making a 2 billion yearly revenue? Or AMZN ever making $$$? thanx, larry!